Gambling in the USA

Casino revenue increases in Detroit

Published

6 years ago

August 16, 2018

Niji Narayan

Reading Time: < 1 minute

The Michigan Gaming Control Board has released its monthly report and all the three casinos in Michigan have posted a 0.3 per cent increase in revenues. The gaming regulator said that aggregate revenue for July was US$119.3 million, up 0.3 per cent from July 2017, while total revenue for the first seven months of the year was up 1.7 per cent when compared to the same period a year before. Moreover, July revenues were up 0.2 per cent over June results.

During last month operations, the three Detroit casinos paid US$9.7 million in gaming taxes to the state, up by approximately US$100k when compared to the US$9.6 million that they paid during the same month last year.

The city of Detroit recorded US$14.2 million in wagering taxes and development agreement payments in July, the gaming control board said.

Source: focusgn.com

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.